Mt. Gox deadline extended / No need for CBDC / Crypto scam websites rise

Inside Bitcoin presented by Audible.

Presented by Subscribe | View in browser Market Watch: Halloween has seen most coins trading in the green today. Bitcoin is steadily climbing back to the $10,000 mark following its drop to below $8,000 last week. Bitcoin: $9,331 (⬆️ 2.13%) // $168.1 billion market cap. Ethereum: $184 (⬆️ 0.59%) // $20 billion market cap. XRP: $0.295 (⬆️ 0.63%) // $12.8 billion market cap. Bitcoin Cash: $287 (⬇️ 0.97%) // $5.1 billion market cap. Top 100 Winner: Seele: $0.067 (⬆️ 10.98%) // $46 million market cap. Top 100 Loser: Noah Coin: $0.001 (⬇️ 61.47%) // $43 million market cap. Prices are as of 2:30 p.m. EDT.       1. The submission deadline for Mt. Gox Bitcoin claims has been extended again after the trustee noted that there was a high request for problematic requests. In a statement released October 28, Nobuaki Kobayashi made the announcement a day before the deadline arrived. This will be the second extension given following one in April. The statement reads that "a large amount of rehabilitation claims that the Rehabilitation Trustee fully or partially disapproved remains undetermined for being subject to claim assessment procedures and appeals against a decision on a petition for claim assessment." Being unable to submit a rehabilitation plan by October 28, Kobayashi filed a motion for an extension deadline to March 31, 2020. –COINTELEGRAPH       2. Hong Kyung-sik, director of financial settlement at the Bank of Korea, has said that developed economies have little need for a central bank digital currency (CBDC). According to Hong, the possibility of a CBDC becoming a reality in advanced countries is small. Citing Korea as an example, Hong went on to say that the country already has an "advanced payment and settlement infrastructure." Not only that, but money can be moved quickly, cheaply, and safely. Hong's comments come at a time when China is racing to launch the first CBDC following Facebook's plans to introduce a stablecoin in 2020. Huang Qifan, vice chair of China Center for International Economic Exchanges (CCIEE), said earlier this week that the People's Bank of China (PBoC) would be the first to launch a digital currency. –COIN DESK       A MESSAGE FROM AUDIBLE Start listening with a 30-day Audible trial and your first audiobook plus two Audible Originals are free. Audible delivers best sellers, business, self-improvement, memoirs and more – all professionally narrated by actors, authors, and motivational superstars like Rachel Hollis, David Goggins, and Mel Robbins. Audible members can also get free access to the New York Times, Wall Street Journal and Washington Post delivered daily to the Audible app. Sign up at audible.com/insidenews for your 30-day Audible free trial.   3. Throwback Thursday: Satoshi Nakamoto publishes Bitcoin whitepaper Eleven years ago today, the group or person pseudonymously known as Satoshi Nakamoto released the Bitcoin whitepaper, Bitcoin: A Peer-to-Peer Electronic Cash System. Outlining a decentralized and tamper-proof peer-to-peer (P2P) system, the paper showed that based on a proof-of-work (PoW) algorithm, coins called Bitcoins could be mined for a reward by the nodes that were part of the network. At a time during the 2008 global financial crisis, the whitepaper demonstrated the possibility of removing the need for banks and financial institutions to conduct transactions. Since 2008, Bitcoin has come on in leaps and bounds, achieving an all-time high value of over $20,000 during the 2017 bull run. Not only that but in the middle of October, it was revealed that since the creation of the first block - the genesis block - on January 3, 2009, miners have made around $15 billion in revenue. On top of that is the fact that as of August, 85 percent of Bitcoin's circulation supply has been mined, leaving 3.15 million for the next 120 years. The last eleven years seem to have flown by and there is still much in store for Bitcoin, but one question remains: who is Satoshi Nakamoto?       4. The Financial Services and Markets Authority in Belgium has issued a fresh warning over suspected crypto scam websites, raising the number to 131 sites. It has added nine domains to its list with "signs of fraud": bitcoinmarketscap.com, bitcointraderspro.com, coinsmex.com, crypto-sfs.com, etc-markets.co, fisherih.com, ltc-markets.com, stsroyal.com, and tdscapitalgroup.com. According to the agency, the updates come after people in Belgium reported being scammed from the sites. The scammers promise quick riches to consumers, which victims believe, but are then unable to recover their funds. –COIN DESK       A MESSAGE FROM DATASTAX Scale Out, Don't Stress Out. Ensure your Database is Holiday-Ready. The holiday rush is about to begin—and in 2019, it's expected to be the biggest spending season ever. Learn more about why holiday sales success starts with your underlying database.  Read the holiday database report.   5. The Malta Financial Services Authority (MFSA) has warned of a Bitcoin scam that has similarities to a repeat offender. The agency has urged the public to be cautious of an entity known as Bitcoin Future, claiming that its characteristics are similar to a separate scam going by the name of Bitcoin Revolution. The statement adds that the scams reappear on the web as adverts with different names to avoid detection. –MALTA FINANCIAL SERVICES AUTHORITY       6. Investment strategist William Peets has said in a video interview that there is a major underestimation of the deflationary impact of crypto and the blockchain on global finance. According to Peets, the finance sector is ready for disruption by the crypto industry, adding that the technology will take away the power from traditional financial services. –REAL VISION FINANCE       7. Crypto exchange Binance is adding support to two tokens: Neo (NEO) and Cosmos (ATOM). Yesterday, the platform announced that it would list the two coins on October 31, both of which are among the top 20 altcoins, according to CoinMarketCap. Per the news, Neo hasn't seen much change in price and is currently trading at $10.54; however, Cosmos is up by over nine percent in a 24-hour period and is valued at $3.29. –BINANCE       8. A pilot project by Peruvian chain Wong Supermarket will use the blockchain to enable consumers and suppliers to scan the supply chain of meat products. The app will be using JPMorgan's permissioned blockchain platform, Quorum and will be available in 20 different Wong stores. All products will carry the SUKU logo, which is also a Silicon Valley-based supply chain company. This logo will guarantee that the products have been tracked from the animal to the shelf. –COIN DESK       9. Sygnum, a Swiss crypto bank, has received a banking license to offer its services in Singapore. Having received the license from the Monetary Authority of Singapore (MAS), Sygnum can now offer its first product, a multi-manager fund, which will allocate investments across a portfolio of managers. This will soon be available in Switzerland to qualified investors. –SYGNUM       10. A new survey has found that Italians rank Bitcoin as a preferred payment method rather than Mastercard or Visa. The survey, by SEMRush, a marketing analysis company, listed Bitcoin in third place behind PayPal and PostePay, an Italian prepaid cash card provider. It found that Bitcoin was used 215,800 times each month compared to American Express at 189,000 times. –THE NEXT WEB       This newsletter was written and curated by Rebecca Campbell. She has been writing and reporting on various industries for the past 10 years, more specifically tech in the last three. Connect with her on Twitter. Editor: David Stegon (senior editor at Inside, whose reporting experience includes cryptocurrency and technology).       Ad Start listening with a 30-day Audible trial and your first audiobook plus two Audible Originals are free. Visit audible.com/insidenews

We're Hiring! Learn more. | Sponsorship opportunities Copyright © 2019 Inside.com, All rights reserved. Our mailing address is: Inside.com 767 Bryant St. #203 San Francisco, CA 94107 Did someone forward this email to you? Head over to inside.com to get your very own free subscription! You received this email because you subscribed to Inside Bitcoin. Click here to unsubscribe from Inside Bitcoin list or manage your subscriptions.

#169: The global blockchain battle lines are being drawn

The great paywall

Sponsored by IBM Chain Letter Blockchains, cryptocurrencies, and why they matter The great paywall 10.31.19 Welcome to Chain Letter! Great to have you. Here’s what’s new in the world of blockchains and cryptocurrencies. For China, it’s “blockchain,” not Bitcoin. China has just reinforced how serious it is about blockchains. But what the nation’s government wants to do with the technology is a far cry from the goals espoused by digital currency systems like Bitcoin. The latest blockchain hype session began at the highest level of power. Speaking at a government meeting late last week, China’s president, Xi Jinping, called on the nation to “seize the opportunity” and take a “leading position” in the development of blockchain technology, according to Chinese state media. Over the weekend, it was reported that China’s government passed a new law to address certain regulatory and legal issues related to cryptography, an essential aspect of blockchain systems. Early this week, Reuters reported that while speaking at a forum in Shanghai, Li Wei, head of the People’s Bank of China’s technology department, had urged commercial banks to step up their application of blockchains to finance. China’s affection for blockchains is not new. Its central bank has been studying digital currency and blockchain technology since 2014. In 2017, it said it would emphasize blockchain development as part of a five-year plan. Big technology companies Tencent and Alibaba are working on blockchain platforms, and the central bank has said it is nearly ready to launch a digital currency. But the government, unsurprisingly, is not a fan of the feature that many cryptocurrency enthusiasts would say is actually the technology’s essence: the decentralization of power. Although China is home to a large portion of the world’s Bitcoin miners, it appears generally opposed to such public blockchain systems, which allow people to participate in the network, and help maintain the shared accounting ledger, without identifying themselves. The government has banned ICOs and cryptocurrency exchanging, and has even hinted at plans to crack down on Bitcoin mining. In January, China’s internet censorship agency approved new regulations requiring that all “entities or nodes” providing “blockchain information services” register with the government and collect identifying information about their users. (More than 500 projects have registered, reports CoinDesk.)  In the eyes of many cryptocurrency enthusiasts, at least in the West, this type of top-down control is anathema to the idea of a blockchain system. Nonetheless, China apparently sees the technology as an opportunity to keep close track of its citizens’ spending and gain more control over those transactions. As Aaron Wright, a law professor at Cardozo School of Law, noted on Twitter, what China seems to want with blockchain technology is a “a great paywall” to go along with its Great Firewall. The digital renminbi vs. Libra (and the US): Huang Qifan, a prominent politician and vice chairman of the China Center for International Economic Exchanges, a think tank in Beijing, made waves this week when he said at a financial conference in Shanghai that Facebook’s proposed digital currency, Libra, is “delusional.” Huang said currencies should be left to central banks, and that China’s will be the first in the world to issue digital money, according to the South China Morning Post In the digital age, systems for cross-border payments should be reshaped, Huang argued. In particular, he said sending the Chinese renminbi across borders is too dependent on two systems (the Society for Worldwide Interbank Telecommunication, or SWIFT, and the Clearing House Interbank Payments System, or CHIPS) that he called tools of US geopolitical power. “Swift and CHIPS are gradually becoming the financial instruments for the United States to exercise global hegemony and carry out long-arm jurisdiction,” Huang said. “Historically, the United States has launched several financial wars with the help of the Swift and CHIPS systems. There is a certain risk associated with a high degree of reliance on them.”  Related ICYMI: Critics say Facebook’s Libra threatens America’s power. Zuck says they’ve got it all wrong. (TR) Sponsor Message Alive and well: Why EDI is still essential to your B2B network Emerging technologies like blockchain, IoT, and AI are disrupting multi-party supply chain collaboration— creating a real challenge for traditional EDI formats.     Real-time collaboration is vital to deliver exceptional customer experiences and requires more than your typical B2B document exchange.     Blockchain, IoT, and AI complement EDI to streamline B2B connectivity and help you solve new supply chain challenges.    Read IBM’s point-of-view on the bright future of EDI.  Read the paper.  Loose change Fill your pockets with these newsy tidbits. Industry figures say Beijing’s blockchain push could tip the scales in a global race to achieve “blockchain supremacy.” (Reuters) The US SEC has given the go-ahead to three major stock brokerages to clear trades using a distributed ledger platform developed by startup Paxos. (Fortune) Bakkt, the digital asset exchange and custody provider owned by the same company that owns the New York Stock Exchange, plans to launch a consumer app that can be used to buy goods and services with cryptocurrency. (CoinDesk) Argentina’s central bank will prohibit citizens from exchanging their pesos for more than $200 a month, down from the previous limit of $10,000 per month. High inflation means consumers are looking for other ways to save, so the country’s many new cryptocurrency startups are hoping they turn to digital currency. (The Block) +The cryptocurrency startups trying to save Argentina from itself. (TR) Changpeng Zhao, CEO of Binance, the world’s most popular crypto exchange, is planning an aggressive expansion into Russia. He has called it the company’s “key market.” (CoinDesk) Chinese crypto mining hardware company Bitmain, the world’s largest maker of mining chips, has filed for an IPO in the US, according to a local report. (Finance Magnates) Canaan, the world’s second-largest maker of mining chips, which is also based in China, has also filed for a US IPO. (Bloomberg) A lobby group that represents 200 commercial banks in Germany has called for a digital euro, “so that the global financial architecture does not lead to a polarisation between American or Chinese solutions.” (The Block) We ask experts what you really want to know about AI.  And you could have a front-row seat. Join us at EmTech Digital 2020. The Money Quote “Hell no.” —Twitter CEO Jack Dorsey, when asked at a company-sponsored event in New York whether Twitter would join the Libra Association. Dorsey, who also suggested that Libra shouldn’t even be called a cryptocurrency, has long been an advocate of Bitcoin. (Decrypt). We hope you enjoyed today's tour of what's new in the world of blockchains and cryptocurrencies. Send us some feedback, or follow me @mike_orcutt. Was this newsletter forwarded to you, and you'd like to see more? Sign up for free Artificial intelligence is here. Own what happens next. March 24-25, San Francisco View this in a browser You received this newsletter because you subscribed with the email address contacto1745.send-mail@blogger.com Edit email preferences   |   Unsubscribe from all emails Follow us: MIT Technology Review One Main Street Cambridge, MA 02142

Check out the brand new Lisk.io

Happy Halloween! 🎃

A major upgrade to Lisk.io We're always working on making our platforms as intuitive to use and as dynamic to adapt as possible. We are happy to announce the result of our collaboration with Netguru – a new website for Lisk.  Visit Lisk.io   Stay updated with Lisk:       Copyright © 2019 Lisk Stiftung, All rights reserved. You are receiving this email because you opted in at our website Lisk.io. Our mailing address is: Lisk Stiftung Dammstrasse 16 Zug 6300 Switzerland Add us to your address book Want to change how you receive these emails? You can update your preferences or unsubscribe from this list.